LINKBTC Inverted Head and Shoulders!!Taking a look at chainlink BTC and noticed a very valid inverted head and shoulders pattern which is bullish! we are looking at a couple key areas here being the top of the shoulders and the 0.2 FIB, we are looking for something similar to my path drawing a push above and a retest is necessary before we can really start moving up. Now if this plays out we will have to look out for the 0.2 FIB resistance level we definitely should have enough momentum to cut through here but i would like to see a confirmed close above the 0.2 FIB. The RSI is starting to curl downwards but isnt in the overbought zone, but aslong as we stay above the midline we can be considered in a confirmed uptrend, now the stoch RSI on the other hand just had a bullish cross and we are now pushing to the upside so that means, theres for sure a chance we see the RSI do the same, along with price action. MACD aswell had a very bullish bounce of the orange MA in a what looked like a bearish cross, definitely seeing momentum here and the histogram looks very nice, each bar on this new green cycle is increasing in size day by day showing more and more bullish momentum, with no current sign of slowing down. Not financial advice just my opinion!
Linkbtclong
LINKUSD (Probably) LONGLINKUSD (Probably) LONG - we're currently in a range and these are the most important lines, take longs from support and shorts from resistance, we're almost at the end of our triangle and a breakout is expected on the upper side, still we can take a short at the upper resistance once breaking the trend-line resistance.
Chainlink Is UndervaluedI tried to be as clear as I could with the takeaway message of this ratio chart.
When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.
Suffice to say, I am using some of my BTC profits to scale into COINBASE:LINKUSD . Chainlink is undervalued when compared to Bitcoin.
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LINK/BTC - THE UPTREND CONTINUESLink has been gaining on Bitcoin lately, and really, Chainlink has been gaining on BTC since it's inception years ago. One of the few coins that has years of macro upside against BTC. Today this chart notes current resistance levels to watch in the next several weeks to months and I do think LINK will continue it's trend up over the coming years.
Chainlin (LINKUSDT/LINKBTC) W Bottom Breakout Long!LINKBTC has broken and closed above the neckline of the W bottom pattern, indicating a local bottom with potential for price to head higher. As a result, Im taking a long position, which I might build into a longer term and larger hodl position if markets start to recover broadly.
Link will rise higher. Give it some more days!Hey guys, today we are taking a look into Chainlink.
First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community.
A lot of traders are looking for the 50$ range as an emotional target.
What does the chart say?
Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD.
I would wait for a retest, bc of the clear resistance at the moment and the gains from the last days.
We are unsure about the next big market move, so be prepared with more then one buy orders.
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Four Year Bull Flag Triangles into Arbitrum POP! BULLISHKRAKEN:LINKUSD has been following these bull pennants since it was created, jumping into smaller and smaller triangles. Arbitrum is scheduled at the end of this 4 year triangle, it looks like they're positioning link for one last fakeout before the arbitrums pump to 100$
Chainlink Golden Cross?!!Chainlink continues to perform great against BTC and recently broke through heavy resistance at the 0.3 FIB Level, we are currently underneath this level in a little bit of a cooloff and looking soon to go on another run! What I am most bullish on is the potential Golden Cross of the 50 day MA(Green) and the 200 day (Red), this would be extremely bullish and would be a very good sign of a huge takeoff in price! We are also seeing money starting to flow back into Link after a brief cooldown still a good bit away from the 0.00 point. Overall very bullish on Link one of my favourite projects with a very promising future, Not financial advice just my opinion!
Chainlink W'sLink has played out W patterns multiple times in the past and looks like its following that pattern again.
Bouncing between the bull pennants on the daily charts for a few more weeks until it breaks upward from this pennant and paints another W. Mostly sideways action but slightly bullish.
There's a possible way the triangle gets bigger if link goes to 37 in the short term ( next week or 2 ).
This pattern could take another month to resolve.
Four Year Bull Flag TrianglesLong term link has followed this pitchfork trend that has lined up with adoption rate over time. Started in 2017 and it's still playing this pattern out.
Over the years it has made massive bull triangles, and is consistently breaking them before they complete.
If we keep running along the middle channel, it can break up into the highest channel upwards of 100$ and still be in it's 4 year trend.
The long term extremely conservative estimate is 100$ by the end of 2021.
Chainlink (LINKUSDT) ready to flyChainlink has broken the long downtrend line and now trading above it. Chainlink is a decentralized oracle network and has a lot of big partnerships. A good rally is pending in LINK.
Buy Zone: $33.5 - $34.1
Target: $38.3 - $42.4 - $47.3 - $52.7 - $58.9 - $63.5 - $69.8